ICICI Lombard General Insurance Company Limited has completed the allotment of 53,824 equity shares of ₹10 each on April 14, 2026, under its employee stock option schemes. The allotment was executed under two distinct schemes as part of the company's employee compensation structure.

Scheme-wise Share Allotment Details

The total allotment was distributed across two employee schemes, with the majority allocated under the older stock option scheme:

Approval Structure and Authority

The allotment process involved multiple levels of corporate governance approval. The Stakeholders Relationship Committee specifically approved the allotment of 15,000 equity shares to the company's Whole-time Director. The remaining 38,824 equity shares were allotted to other eligible option and unit holders under the authority delegated by the Board of Directors to the Whole-time Director.

Share Characteristics and Timing

The allotment of all 53,824 equity shares was completed on April 14, 2026, at 10:12 p.m., marking the time of the final approval. These newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.

Corporate Compliance and Documentation

The company has fulfilled its regulatory obligations by informing the stock exchanges about this corporate action. The allotment information has been made available on the company's official website at www.icipilombard.com for stakeholder reference. Company Secretary Vikas Mehra digitally signed the official communication on April 14, 2026, ensuring proper documentation and compliance with corporate governance requirements.

ICICI Lombard General Insurance has reported strong premium collection performance for March, showcasing significant growth in its business operations. The general insurance company achieved premium income of Rs 21.85 billion during the month, marking a substantial improvement over the previous year.

Premium Performance Overview

The company's March premium figures demonstrate robust year-on-year growth momentum. The reported premium income represents a notable 20.9% increase compared to the corresponding month in the previous year, indicating strong business expansion and market traction.

Business Growth Indicators

The double-digit growth rate in premium collections reflects the company's strengthening position in the general insurance market. This performance indicates improved customer acquisition and retention strategies, contributing to the overall business expansion during the reporting period.

The March premium figures provide insight into ICICI Lombard General Insurance's operational efficiency and market competitiveness in the insurance sector. The substantial year-on-year growth demonstrates the company's ability to capitalize on market opportunities and expand its customer base effectively.